BLS 342 Final Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Rule-of-law nations adopt laws supporting the private market because it is in everyone's
interest, including the lawmakers'. - CORRECT ANSWER True
_____ can be thought of as the central element providing the basis for Western legal systems.
- CORRECT ANSWER Property
John has written a book, Battlefield, and was talking to some interested parties from
Broadway about making a musical based on it. However, he turned down an offer due to
conflicting opinions of who should play the lead roles. A year later, Battlefield was made into
a musical but it did not acknowledge the author. This scenario best reflects a violation of
_____. - CORRECT ANSWER property law
Kate Ace is a luxury purse brand that has its own distinctive logo . The company recently
discovered that another retailer has been selling counterfeit Kate Ace bags. The legal dispute
that will arise here is most likely to be governed by _____. - CORRECT
ANSWER property law
Which of the following statements is true of tort law? - CORRECT ANSWER It
establishes rules for compensation when an owner's legal boundaries are wrongfully crossed
by another.
Increasing coverage of business decisions by the news media and the Internet has made it
harder for large organizations to hide their questionable behavior. - CORRECT
ANSWER True
If a judge or regulator were to make a ruling or regulation concerning a company in which he
or she is a stockholder, they would be creating a conflict of interest. - CORRECT
ANSWER True
, For ethical corporate values to make their most significant effect on decision making,
corporate employees must be willing to talk with each other about ethical issues. -
CORRECT ANSWER True
Which of the following statements best defines ethics? - CORRECT ANSWER Ethics
is a formal system for deciding what is right and wrong and for justifying moral decisions.
Which of the following is a similarity between ethical and legal systems? - CORRECT
ANSWER Both systems consist of rules to guide conduct and foster social cooperation.
In cases heard before a jury, the jury functions to decide questions of law, while the judge is
still present to decide questions of fact. - CORRECT ANSWER False
Cases involving juvenile crime and children who are wards of the state would be heard in
probate courts. - CORRECT ANSWER False
The philosophy of judicial restraint is often termed strict constructionism or judicial
abstention (restraint). - CORRECT ANSWER True
The judges who make up the U.S. Supreme Court are known as _____. - CORRECT
ANSWER justices
Subject matter jurisdiction is defined as _______: - CORRECT ANSWER a court's
power over the issues involved in a case
The discovery process narrows the issues disputed by the parties involved in a lawsuit. -
CORRECT ANSWER True
In jury selections, challenges for cause are also called peremptory challenges. - CORRECT
ANSWER False
QUESTIONS AND CORRECT ANSWERS
Rule-of-law nations adopt laws supporting the private market because it is in everyone's
interest, including the lawmakers'. - CORRECT ANSWER True
_____ can be thought of as the central element providing the basis for Western legal systems.
- CORRECT ANSWER Property
John has written a book, Battlefield, and was talking to some interested parties from
Broadway about making a musical based on it. However, he turned down an offer due to
conflicting opinions of who should play the lead roles. A year later, Battlefield was made into
a musical but it did not acknowledge the author. This scenario best reflects a violation of
_____. - CORRECT ANSWER property law
Kate Ace is a luxury purse brand that has its own distinctive logo . The company recently
discovered that another retailer has been selling counterfeit Kate Ace bags. The legal dispute
that will arise here is most likely to be governed by _____. - CORRECT
ANSWER property law
Which of the following statements is true of tort law? - CORRECT ANSWER It
establishes rules for compensation when an owner's legal boundaries are wrongfully crossed
by another.
Increasing coverage of business decisions by the news media and the Internet has made it
harder for large organizations to hide their questionable behavior. - CORRECT
ANSWER True
If a judge or regulator were to make a ruling or regulation concerning a company in which he
or she is a stockholder, they would be creating a conflict of interest. - CORRECT
ANSWER True
, For ethical corporate values to make their most significant effect on decision making,
corporate employees must be willing to talk with each other about ethical issues. -
CORRECT ANSWER True
Which of the following statements best defines ethics? - CORRECT ANSWER Ethics
is a formal system for deciding what is right and wrong and for justifying moral decisions.
Which of the following is a similarity between ethical and legal systems? - CORRECT
ANSWER Both systems consist of rules to guide conduct and foster social cooperation.
In cases heard before a jury, the jury functions to decide questions of law, while the judge is
still present to decide questions of fact. - CORRECT ANSWER False
Cases involving juvenile crime and children who are wards of the state would be heard in
probate courts. - CORRECT ANSWER False
The philosophy of judicial restraint is often termed strict constructionism or judicial
abstention (restraint). - CORRECT ANSWER True
The judges who make up the U.S. Supreme Court are known as _____. - CORRECT
ANSWER justices
Subject matter jurisdiction is defined as _______: - CORRECT ANSWER a court's
power over the issues involved in a case
The discovery process narrows the issues disputed by the parties involved in a lawsuit. -
CORRECT ANSWER True
In jury selections, challenges for cause are also called peremptory challenges. - CORRECT
ANSWER False
